Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-01-28
REFRIGERATOR SCHEME.
Flattering Prospects for Success-A
Well-Attended Meeting of
Stockmen.
Definite EIans for the Organization, and
How 1t is To Be Carried
Into Eject.
san Antonio Express.

san Antonio Express.
In compliance with the recent move
ment to establish a beef refrigerator il
San AnUonio, with capacity to slaughter
800 head of beeves per day, meeting was
held on last Tuesday evening, at the
Menger hotel, at which the subject was
discussed and q committee of stOCkmen
appointed to see what could be done
Another meeting was held last night,
composed of between twenty-five and
fifty of the most prominent cattlemen,
business men and bankers in this section.
Mr.. Meyer Half was called on to pre-
side and Mr.. John j. Steven acted as
secretary.
( Mr. Barnard reported for the committee
as follows:
The proposition of Marquis DeMores
Co. is not proposition, but a suggestion
to the effect that the stockmen shall make
said firm proposition in substance as
follows:
The stockmen shall make a written
proposition of how many and what XII! DIS
of beef cattle they will furnish to the
National Meat Company OF America, de
livered at San Antonio daily, for the term
of two years from the commencement of
slaughtering, at actual cost price, and
shall further offer to accept in payment
therefor two-thirds of their actual cost
price in cash and one-third in the stock
of the National Meat Company of
America.
In addition to the above proposition
the stockmen and citizens may offer any
further inducements, such as the land for
the site, etc, as donation. If the pro-
position be accepted by Marquis De-
Mores & Co., then that firm agrees to
furnish the means and effect the plant,
including the slaughter houses, refriger-
ator, refrigerator cars, fattery, etc. :;
agrees to employ and furnish all heads of
departments and pay all salaries to such
heads, which shall not exceed 81, 900 for
each head. That firm agrees to procure
and deliver the capital stock of the West
ern Dressed Meat Company, the National
Consumers Meat Company and the Ma
tional Consumers Meat Company of New
York, at par, to the National Meat Com
pany of America, within two years. That
firm guarantees that dividends out of
the net earnings of said company shall be
made as follows:
l. Ten per cent. to the stockholders
non-accumulative.
2. Ten per cent. to Marquis DeMores
& Co.
3. Ten per cent. will be divided among
the employees of the company pro rata to
the amount of their salaries.
4. The remainder of the net earnings
of said company, if any, after paying the
above 80 per cent. will be divided be-
tween the stockholders of the company
and the firm of Marquis DeMores & Co.,
share and share alike.
The inference drawn from the papers
submitted is that the Western Dressed
Meat Company, the National Consumers
Meat Company and the National Con-
sumers Meat Company of New York are
now all in active operation, prosperous
and free from debt, except secured
debt of $50, 200 upon the Western Dressed
Meat Company.
In addition to the above obligations of
the firm of Marquis DeMores & Co. they
agree to transfer the patent to manufac-
ture "soupe nationaien to the National
Meat Company.
Whereas, it is proposed to organize and
cause to be chartered, under the laws of
the State Of Texas, the San Antonio Meat
Company of San Antonio, Texas, with
capital stock of 100000, to be divided
into 5000 shares of the par value
OF 500 each, for the pur-
pose Of erecting and operating
or causing to be erected and operated, an
establishment in or near the city OF San
Texas, to slaughter, refrigerate,
ship, render, can and reduce cattle,
sheep and other live stock, to beef, NUT
ton and dressed meats, and to manufac-
ture oleomargarine, candles, glue soap and
canned meats, to purchase or lease the
real estate upon which to erect said es-
Enlistment, and on which to hold and
ARE for live stock purchased and re-
to purchase, rent or contract for
cars in which to ship such dressed meats,
to purchase live stock to be slaughtered,
rendered. canned, refrigerated and man.
ufactured, and to do all other things
necessary or incident to such business
and all branches of such, and for the
purpose of contracting with responsible
persons or corporations to carry out the
obj cts for which this corporation shall
be organized, and of making guaranty
to them to supply sufficient number of
live stock to enable said parties to slaugh-
ter from 100 to 800 head of cattle per
day, and from 100 to 400 head of sheep, !
for the period OF two years from the date
upon which slaughtering shall commence.
In order to make this enterprise sue
cessful, tits by your committee estimated |
that the people of San Antonio of all &C.
equations shall take one-fourth of the |
capital stock and pay for same in cash |
when called upon by the board of direc-
tors, and in installments such as the |
board may decide, not to exceed one
fourth of any subscription in any one
month.
That the other three-fourths must be |
by the live stock growers of |
Southwest, Southern and Western Texas,
to be paid for in live stock delivered in |
ten days after being notified, in carload |
lots, at San Antonio, Tex, to this COM
pany, said live stock to be all fat and in
good condition to slaughter when de-
lvered, for which certificates of stock |
shall be issued at u cents per pound
gross.
The live stock subscribers to the capi-
al stock Shall, at the same time, agree to
1elRer certain further number OF. fat
livestock of specified kind per month,
or the term of two years, at the cash